Capital International Ltd. CA Has $18.47 Million Holdings in Booking Holdings Inc. $BKNG

Capital International Ltd. CA cut its holdings in shares of Booking Holdings Inc. (NASDAQ:BKNG) by 48.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,449 shares of the business services provider’s stock after selling 3,195 shares during the period. Capital International Ltd. CA’s holdings in Booking were worth $18,471,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BKNG. Cardano Risk Management B.V. boosted its position in Booking by 7.2% in the 3rd quarter. Cardano Risk Management B.V. now owns 22,669 shares of the business services provider’s stock valued at $122,396,000 after buying an additional 1,514 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new position in shares of Booking in the 4th quarter worth $361,463,000. Rit Capital Partners PLC acquired a new stake in Booking during the 4th quarter worth $51,396,000. Compagnie Lombard Odier SCmA raised its stake in Booking by 32.5% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 5,949 shares of the business services provider’s stock worth $32,120,000 after buying an additional 1,460 shares during the period. Finally, Longbow Finance SA increased its position in shares of Booking by 121.9% during the third quarter. Longbow Finance SA now owns 1,875 shares of the business services provider’s stock worth $10,124,000 after acquiring an additional 1,030 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Booking Price Performance

NASDAQ BKNG opened at $165.84 on Friday. The business has a fifty day moving average price of $169.79 and a two-hundred day moving average price of $185.09. Booking Holdings Inc. has a fifty-two week low of $150.14 and a fifty-two week high of $233.58. The stock has a market capitalization of $128.51 billion, a PE ratio of 21.81, a PEG ratio of 0.99 and a beta of 1.08.

Booking (NASDAQ:BKNG) last released its earnings results on Tuesday, April 28th. The business services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06. The firm had revenue of $5.53 billion during the quarter, compared to analysts’ expectations of $5.52 billion. Booking had a negative return on equity of 117.14% and a net margin of 22.23%.The company’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 earnings per share. As a group, sell-side analysts expect that Booking Holdings Inc. will post 10.44 earnings per share for the current year.

Booking Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, June 5th. This represents a $1.68 annualized dividend and a dividend yield of 1.0%. Booking’s dividend payout ratio is 22.11%.

Insider Transactions at Booking

In related news, CEO Glenn D. Fogel sold 16,726 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $185.36, for a total value of $3,100,331.36. Following the completion of the sale, the chief executive officer directly owned 298,174 shares in the company, valued at $55,269,532.64. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vanessa Ames Wittman sold 1,125 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $192.00, for a total value of $216,000.00. Following the completion of the sale, the director owned 16,050 shares of the company’s stock, valued at $3,081,600. The trade was a 6.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 97,076 shares of company stock worth $16,417,121. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. DA Davidson cut their price target on Booking from $240.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Argus lifted their target price on Booking from $188.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Barclays set a $210.00 price target on Booking and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Cantor Fitzgerald reissued a “neutral” rating and set a $175.00 price target (down from $180.00) on shares of Booking in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut Booking from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Booking currently has an average rating of “Moderate Buy” and an average price target of $227.14.

About Booking

Booking Holdings Inc is a global online travel company that operates a portfolio of consumer brands and technology platforms that facilitate the search for and booking of travel services. The company’s businesses focus on accommodations, transportation and related travel services through consumer-facing websites and apps as well as partner distribution channels. Booking Holdings was originally founded as Priceline in the late 1990s and adopted the Booking Holdings name in 2018; it is headquartered in Norwalk, Connecticut.

Its core offerings include online reservations for hotels, vacation rentals and other lodging; flight and car rental search and booking; and ancillary services that support travel planning and on-property experiences.